Excess Balance definition

Excess Balance means the amount by which the balance in the cash collateral account exceeds the undrawn and unexpired amount of the Letters of Credit. Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower.

Excess Balance as defined in Section 8.

Excess Balance means (A) after the fifth Business Day preceding the Commitment Termination Date, the amount by which the balance of the Cash Collateral Account exceeds the L/C Amount, and (B) prior to the fifth Business Day preceding the Commitment Termination Date, the balance of the Cash Collateral Account. The Agent shall have full control of the Cash Collateral Account, and, except as set forth above, the Borrower shall have no right to withdraw the funds maintained in the Cash Collateral Account.

Examples of Excess Balance in a sentence

• BREAKDOWN OF TUITION COST Total Tuition DLIR/ETF costs: (50% ETF assistance) Employer's cost: (50% ETF assistance pay directly to vendor) Excess Balance: (paid by employer directly to vendor) Total Employer Course 1 $ 200.00 $ 100 $100 = $100.00 Course 2 $ 1,000.00 $ 400 $400 $200 = $600.00 Total $ 1,200.00 $ 500 $500 $200 = $700.00 • Section II and IV.

• The Settlement Bank shall then transfer the Excess Balance to another designated account of the Account Holder.

• Upon the receipt of a valid request to release Excess Funds, eSett will send an MT101 message specified by SWIFT through the SWIFT network or an email to the Settlement Bank to instruct the Settlement Bank to make the Excess Balance available to the Account Holder.

• Other types of Reserve Bank accounts may be offered from time to time for purposes of facilitating monetary policy goals, such as Excess Balance Accounts and Term Deposit Facility accounts.

• Excess cash balances in your Account on each business day will be transferred to Program Bank accounts no later than the next business day.Unless your IBD has instructed Pershing otherwise, once your Program balance reaches the current Program Deposit Limit of $2,490,000, Pershing, as your agent, will automatically sweep any Excess Balance in your Account into the secondary sweep option in your Account as described in more detail below.

More Definitions of Excess Balance

Excess Balance means the amount by which the balance of the Facility LC Collateral Account exceeds the amount of L/C Obligations. In addition, after all of the Obligations have been paid in full (other than contingent indemnification obligations) and the Aggregate Commitment has been terminated, any funds remaining in the Facility LC Collateral Account shall be returned by the Agent to the Borrower or paid to whomever may be legally entitled thereto at such time.

Excess Balance means the average balance held in an account at a Federal Reserve Bank by or on behalf of an in- stitution over a reserve maintenance period that exceeds the sum of the re- quired reserve balance and any clearing balance.

Excess Balance. “Eligible Institution”

Excess Balance means the amount by which the balance of the Facility LC Collateral Account exceeds the amount of L/C Obligations. In addition, after all of the Obligations have been paid in full and the Aggregate Commitment has been terminated, any funds remaining in the Facility LC Collateral Account shall be returned by the Agent to the Borrower or paid to whomever may be legally entitled thereto at such time. Notwithstanding anything in this Agreement to the contrary, to the extent the Borrower has deposited cash in the Facility LC Collateral Account in accordance with the requirements of 2.20.1, the Borrower shall not be permitted to withdraw such amounts from the Facility LC Collateral Account until the Facility LC’s secured thereby have been cancelled and returned to the applicable LC Issuer on terms and conditions satisfactory to such LC Issuer.

Excess Balance has the meaning set forth in Section 7.3.

Excess Balance means the greater of: (i) Agency Max-Plan Account Balance minus the Qualified Participation Balance, or (ii) zero.

Excess Balance means for any Partner, other than with respect to the Partner's Preferred Units that have a Liquidation Preference, the amount, if any, by which the Partner's positive Capital Account balance exceeds zero, and for any Partner with respect to the Partner's Preferred Units that have a Liquidation Preference, the amount, if any, by which its positive Capital Account balance exceeds the sum of the positive balance of the Liquidation Preference of its Preferred Units.